Forint stays below 267 to the euro

MTI – Econews

Friday, March 25, 2011, 11:35

The forint remained strong at below 267 to the euro on Friday morning's interbank market, trading at 266.62 against the single European currency at 9:45 a.m., compared to a Thursday-afternoon rate of 266.45.

Dealers say that interbank trade has been quiet on Friday morning, predicting that the Hungarian currency will remain below 269 in trade against the euro over the coming days.

The forint traded at 188.31 to the dollar on Friday morning, compared to a Thursday-afternoon rate of 188.61. The forint traded at 206.01 to the Swiss franc on Friday morning, compared to a Thursday-afternoon rate of 208.52.

Related articles

The European Commission (EC) last Thursday stepped up an ongoing infringement procedure against Hungary over local rules that require retailers to apply the same profit margins to domestic and imported farm and food products, state news wire MTI reported.

Think tank Political Capital and the King Baudouin Foundation are organizing a public debate on the afternoon of Friday, March 9, entitled "Re-Energizing Europe: A Reform Package for the EU27," the aim of which is to debate the institutional future of the European Union and the role of Hungary.

The Institute for Foreign Affairs and Trade (KKI) will be holding the next in its “Ask the Expert” series on Tuesday, March 13 in Pécs, entitled “The Future of the European Union – Enlarged or Broken? What future awaits the European Union after Brexit?”

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will rise about HUF 15 billion to HUF 1,525 bln as the result of a tender on Monday, data released by the central bank show, as reported by state news wire MTI.

Hungaryʼs new HUF 1,000 banknote will enter circulation on March 1, the National Bank of Hungary (MNB) said on Wednesday. The new banknote, upgraded with enhanced security features, became legal tender last summer, but did not enter into circulation to allow sufficient time to prepare for the switchover.

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose about HUF 25 bln to HUF 1,511 bln as the result of a tender on Monday, data released by the central bank show, as reported by state news wire MTI.

The state-owned Hungarian Development Bank (MFB) will issue euro-denominated bonds with a limit of EUR 500 million over a period of one year to finance its lending programs, the MFB told state news wire MTI on Tuesday.

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) will stay unchanged at HUF 1.486 trillion as the result of a tender yesterday, data released by the central bank and cited by state news wire MTI shows.

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.1% of GDP at the end of December 2017, down from 72.5% of GDP at the end of September, the National Bank of Hungary (MNB) said on Monday regarding Hungaryʼs preliminary financial accounts.

Nils Muižnieks, Commissioner for Human Rights at the Council of Europe (CoE), has expressed serious concerns about proposed additional restrictions to the work of NGOs in Hungary under the so-called “Stop Soros” package of bills submitted by the Hungarian government to Parliament on Tuesday.